The Impact of Trade Openness on Relative Equipment Prices
Lessons from Latin America
Bibliographic Data
| ID | 9728546 |
|---|---|
| Authors | Jessica Madariaga (College of Charleston), Anton Bekkerman (0000-0003-0615-1726, Montana State University–Bozeman) |
| Year | 2020 |
| Volume | 87 |
| Issue | 348 |
| Pages | 938-984 |
| Publication date | 2020-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12332 |
| OpenAlex | W2998777800 |
| Language | EN |
| References cited | 40 |
Trade can affect relative equipment prices because equipment production is concentrated among a small group of developed countries and many developing nations rely heavily on equipment imports. We construct a new dataset of relative equipment prices for thirteen Latin American countries from 1970 to 2011 in order to help identify which trade channels affect these prices. We show that both the composition of trade and countries’ trade partners matter. Overall, increasing trade intensity in equipment with major equipment‐producing countries is associated with the largest relative price reductions, but there is significant heterogeneity across countries in their responsiveness to changes in trade intensity and trade restrictions
Business · Developing country · Economic growth · Economics · International economics · International trade · Latin Americans · Macroeconomics · Monetary economics · Openness to experience · Order (exchange) · Production (economics) · Relative price · Trade barrier · Economic Growth and Productivity · Finance · Global Trade and Competitiveness · Global trade and economics
Economic Reform and the Process of Global Integration
Does Trade Cause Growth?
Equipment Investment and Economic Growth
Prices, Markups, and Trade Reform
Trade Policy and Economic Growth
From Financial Crash to Debt Crisis
Institutions Rule
Some Tests of Specification for Panel Data
Does globalization affect growth? Evidence from a new index of globalization
Imported machinery and growth in LDCs
Trade openness and economic growth
Argentina and the world capital market
Capital Goods Imports and Long-Run Growth
Trade Restrictiveness Benchmarks
International Trade and Economic Development
Dual Economies and International Total Factor Productivity Differences
Government Size and Macroeconomic Volatility
A New Measure of Financial Openness
On the Costs of Inward-Looking Development
Capital-Goods Prices and Investment, 1870-1950
Essays on the Economic History of the Argentine Republic
| Citation velocity | historical |
|---|---|
| Highly cited | No |